Fed officials push more stimulus for housing

Two top Federal Reserve officials on Friday pushed the case for more stimulus from the U.S. central bank to help the economic recovery, each zeroing in on the country’s weak housing market.

Policymakers need to consider more action to kick-start the housing sector and help the country’s “frustratingly slow” economic recovery and “unacceptably high” unemployment, William Dudley, president of the New York Federal Reserve Bank, said in a speech in New Jersey.